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08/30/2025
LAWIN.news

Gasoline Prices to Rise Tuesday, Diesel and Kerosene Set for Rollback

by Mae De Vera, LAWIN.news December 2, 2024
written by Mae De Vera, LAWIN.news December 2, 2024
309

On Tuesday, oil companies in the Philippines are set to implement varied price adjustments for petroleum products. Several oil firms, including Seaoil, PetroGazz, Jetti, and Caltex, announced these changes through advisories released on Monday.

The cost of gasoline will undergo an increase of 90 centavos per liter. This adjustment comes after a series of price changes in previous weeks, reflecting the dynamic nature of the global oil market and its effects on local pricing structures.

In contrast, diesel and kerosene prices will see a reduction. Diesel will decrease by 20 centavos per liter, while kerosene will drop by 10 centavos per liter. These decreases provide a slight relief to consumers, particularly for sectors heavily reliant on these fuels, such as transportation and household cooking.

The mixed adjustments come as global oil prices continue to fluctuate. The oil industry remains sensitive to various factors, including geopolitical tensions, supply chain disruptions, and changes in demand patterns. These influences often lead to periodic price evaluations and adjustments by oil companies.

Local market analysts indicate that the recent increase in gasoline prices might be linked to rising crude oil costs internationally. Global demand has shown signs of recovery as several countries gradually ease restrictions and economic activities resume. This demand recovery can lead to upward pressure on crude oil prices, subsequently affecting retail fuel prices.

On the other hand, the reductions in diesel and kerosene prices could be attributed to localized supply dynamics. The Philippines, like many other nations, imports a significant portion of its petroleum needs. Thus, any changes in international supply and logistical considerations can directly impact local pricing.

Transport groups have noted the implications of these price adjustments. Public transport sectors, in particular, remain highly sensitive to fuel cost changes, which constitute a significant portion of their operational expenses. The reduction in diesel prices, albeit slight, may offer some temporary respite to operators and commuters.

Meanwhile, household consumers who utilize kerosene for cooking and heating may benefit from the reduced prices. For many Filipino families, kerosene remains a staple fuel source, especially in areas where access to alternative energy sources is limited.

Despite these price changes, the general sentiment among consumers and industry stakeholders reflects an ongoing concern regarding the volatility of fuel prices. The fluctuating prices underscore the need for sustainable energy policies and the exploration of alternative energy sources.

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Mae De Vera, LAWIN.news

Mae De Vera is a passionate advocate, creative professional, and entrepreneur. A graduate of Political Science from Saint Louis University and a law student of Arellano University, Mae is dedicated to empowering marginalized communities through outreach programs and advocacy. With a background in digital artwork, event flyer design, ESL teaching, and business management, Mae brings a versatile skill set to her endeavors. She also embraces her love for nature through farming, integrating sustainability into her life. Mae’s leadership experience as a consistent school student leader reflects her commitment to making a difference. Today, she combines her creativity, advocacy, and entrepreneurial spirit to create impactful stories and initiatives that inspire change. Disclaimer: The views and beliefs expressed by the author do not necessarily represent those of LAWIN.news, its management, editorial board, or staff.

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